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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Stephen M. DeMoss who wrote (31965)	10/31/1999 12:59:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 99985

Another factor supporting a st peak either last Fri pm or tomorrow am is that the DJ is now 2% above the top band (2 std deviations) enveloping the 21day ema. If one looks back, one will see that is usually the point where a st retrace begins.--As I recall Jerry Favors watches this band as well.

To: Stephen M. DeMoss who wrote (31965)	10/31/1999 1:55:00 PM
From: LTK007	Respond to of 99985

Stephen Mr.Internet himself,Henry Blodgett,has recently been predicting a massive correction in internet stocks,to the tune of 75%,with the likely-hood that in 2 years 75% will be extinct.BUT his recommendation states it won't happen until February-March area,predicated on his belief the holiday season will hold them afloat,and he simply avoids talking about the Y2k issue.The question remains then can we look to January,and count on Y2k finally having an effect on the market bull,having been recently singed i am thinking slowly on when i jump back in---QQQ hurt me seriously,but i still think if one can get a put position on QQQ/NDX at the right time would pay a huge return,but now i am just looking for tops,and mulling things over. BTW,i have calculated into my losses,60 virtually worthless Nov puts,if,by some wildly unlikely circumstance EBAY were to collapse to 100 before NOV 20,i would have a stunning reversal,but it just won't happen(i am a realist). Just read a survey of analyst picking the 4 most overvalued internet stocks--AMZN won first place hannds down,followed by AOL YHOO and EBAY.Good Luck,Max